Capitan Insfran Group
One member of the group is Yenny. Her latest survey showed that she is in the third level of poverty, i.e. she is improving little by little through her work. She works as a seamstress and through her efforts she has earned good customers who order regularly and are very satisfied with her work. Yenny's dream is to have a well equipped workshop so that she can keep working and gain more customers.
Yenny has asked for this loan so that she can purchase fabrics, which will help her keep to working as she strives to grow and improve life for herself and her family.
Es parte de este grupo la Sra. Yenny, quien en su última encuesta mostró un nivel de pobreza dentro del nivel tres, es decir, mejorando de a poco por medio de su trabajo. Ella se dedica a la costura y por medio de su esfuerzo se ha ganado una buena clientela que siempre le acerca pedidos y quedan muy conformes con lo que ella hace. Su sueño es poder tener un taller bien equipado y así poder seguir trabajando y tener una mayor clientela.
Ella pide de este préstamo, ya que quiere comprar telas, lo que le ayudará a seguir trabajando y luchando por poder crecer y mejorar su vida y la de su familia.
More information about this loan
This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.
To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid